The enthusiasm of duped Fortis investors to join the settlement due to deception leading up to the collapse of Fortis is greater than expected. That says investor association VEB. There are also fewer people than expected who do not participate in the settlement to continue litigation for a higher fee.
266,000 individual claims have been submitted. Processing the pile takes extra time, which means that many people have to wait a little longer for their money. Due to the large number of investors, there is also less money to distribute per person.
The court in Amsterdam gave its approval in mid-2018 to the second settlement agreement between the Belgian insurer Ageas, or Fortis’s heir, and claim organizations. The settlement amounts to more than 1.3 billion euros, the largest ever between a European company and its investors.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at firstname.lastname@example.org